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4-Unit Residential Income Property

2220 Shamrock Dr, Campbell, CA 95008

For Sale
New
$1,825,000

The property combines a three-bedroom owner’s residence with three two-bedroom units and shared laundry facilities.

Property Size3,395 SF
Days on Market2

Property Features for 2220 Shamrock Dr

General Information

Standard status Active
Size 3,395 SF
Total Parking Spaces 6
Property subtype Investment

Units

Unit Mix 1 x 3BR/2BA, 3 x 2BR/1BA
Multifamily Units 4

Additional Details

Public Transit Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $24,641

Amenities

coin operated laundry facility
patio

Building Details

Building Size 3,395 SF
Year Built 1959
Stories 2
Units 4
Listed By: John Adams · License CA #01512831
Source: Elliman
Added: Nov 12 Last Checked: Nov 12 at 2:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Adams

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Investment Insights

Based on property information with market context.

This 1959 four-unit property includes a single-story residence with three bedrooms, two bathrooms, in-unit laundry, a wood-burning fireplace, and a private front yard. Three additional apartments each have two bedrooms and one bathroom, with long-term tenants in place. Every unit is equipped with its own water heater. Shared amenities include a coin-operated laundry facility and patio. Parking consists of three garages, a three-car carport, and a long driveway serving the site.

The property is in Campbell, near Campbell, Willow Glen, Cambrian, and Los Gatos. Its bike score is 82, walk score is 67, and transit score is 36.

Key Highlights

  • Four residential units: one 3‑bedroom, 2‑bathroom residence and three 2‑bedroom, 1‑bathroom units
  • Built in 1959
  • Three garages and a 3‑car carport

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$76,664
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,280 $1.5M
Cap Rate 7%
$1,095,200 $1.1M
Cap Rate 9%
$851,822 $851.8K
Market Conditions
NOI Build-Up for 3,395 SF
Gross rent
$114.1K $33.60/SF
− Vacancy
−$4.6K −$1.34/SF
EGI
$109.5K $32.26/SF
− OpEx
−$32.9K −$9.68/SF
NOI
$76.7K $22.58/SF
Area
Santa Clara County, CA
Vacancy
3.99%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,280
Cap Rate 7%
$1,095,200
Cap Rate 9%
$851,822

Alternative Uses

Best Use
Multifamily LT 5
$1.10M
$958.3K – $1.28M (±1% cap)
NOI $76,664 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$1.01M
$885.5K – $1.18M (±1% cap)
NOI $70,837 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M (±1% cap)
NOI $143,473 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,603
Businesses Nearby

Demographics for 95008, CA

49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
Median Home Value

Market

Average Price Trend$/SF for Quadplexes in Santa Clara County, CA

$621 Jul
$644 Aug
$610 Sep
$600 Oct

Properties on Market for Quadplexes in Santa Clara County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - The property combines a three-bedroom owner’s residence with three two-bedroom units and shared laundry facilities.
Where is this quadplex located?
The property is located at 2220 Shamrock Dr Campbell, CA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Four residential units: one 3‑bedroom, 2‑bathroom residence and three 2‑bedroom, 1‑bathroom units; Built in 1959; Three garages and a 3‑car carport
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